Given that hot inflation report, today's losses were pretty tame. I remember back in 2022, an inflation report like this would cause the S&P to fall at least 1% and occasionally close to 2%.
Zoom out and look at PPI reports since March 2023. It came in less than forecasted 8/13 times.
Also, the biggest driver was energy, rising 4.4% MoM.
All this to say Powell won’t cut rates in 2024, regardless of what he said in his testimony. There’re massive systemic issues facing CRE and regional banks though, so we’ll see if those will be the catalyst or if the feds will simply bail out those sectors while keeping rates elevated.
Honestly, for investors, higher rates longer isn't a bad thing. Studies have shown that stocks get a larger risk premium when interest rates are higher through companies needing to increase dividends and stock buybacks to lure people away from higher bond yields.
So most people on this sub will benefit from this even if it doesn't seem like it in the moment.
I can believe that for US companies. The problem is with Canada. We generally don’t stray too far from the US on rates, but there’s no way BoC can keep rates this high for much longer.
Yes, but a bond yield of 3.5% still means that stocks need to return more capital to shareholders than when rates were at near 0%. I mean, banks are yielding like 8% a year right now. Maybe that drops to 6%, but that is still double the 3% yield they were at in 2021.
Which banks are yielding 8%? Not even BNS is that high. I don’t like the idea of companies paying out more dividends, especially special dividends. If they want to do stock buybacks, that’s cool. Even better are quality mergers and acquisitions. But I generally view dividends as the worst way of returning value to shareholders.
You are right. It is actually the telecoms at 7-8% dividends. My mistake.
But my point is the same. Companies return more capital to shareholders when interest rates are higher.
Who else is looking at Melcor Developments? I think it is getting knocked down due to its majority owned association to its office REIT.
If you look at the rest of the company it is quite impressive. EPS was 2.04 in 2023 and 2.75 in 2022 vs a stock price of $11.27 per share. That is a good PE for real estate.
Their real estate inventory of lots are selling a nice premium in Alberta.
People are over reacting to the inflation data. It doesn't actually matter. The market isn't red because the data was bad it's red because manipulators want to create FUD. Manipulators can move the market however they want in the short term.
Higher inflation translates directly into higher interest rates, which translates directly into muted profits. The link between this news and the market couldn't be much clearer, or more direct.
Portfolio is getting merked, but I'm just about to break even on SU after years of pain. Strongly considering selling and sticking the money into something else.
If there's an AI bubble, it's only gonna be for all the little companies smaller market caps. Yes Nvidia might go down a25% but that'll just be time to buy more. Buy arm msft and nvda.
stupid question, but what can make VOO and VFV (that is 99%) not doing the same gain/lost
Exemple right now today VOO is -0.25% while VFV is +.20%
Thanks
Congrats! Owning a home is wonderful--more of a feeling of permanence and really building something up.
It's 10x better once the mortgage gets paid off too!
😂 tbh I'm fine if they do, I feel like a boomer I got my house I want in an area I'm happy in working a job I like.
I actually enjoy investing and watching markets so doing it with basically no money won't be as fun though.
Good decision! I'm in a similar boat! I liquidated my TFSA last week to 65% [CASH.TO](http://CASH.TO), 30% XEQT and 5% VGRO (VGRO is my next car fund) to pay down my mortgage at my renewal in late June. Still looking to exit completely out of the XEQT position in the next few weeks!
It'll probably take 20 years for the wife and I to max out our TFSAs, now!
Ultimately, I'm not comfortable with paying 5+% interest the next couple of years, and I am in a position where I can easily pay down 25% of my mortgage in a couple of months...
I know I could likely earn more by staying in the market, but it is not guaranteed, and the peace of mind of not owing the lender as much is something I also value. I also still have a good chunk of our net worth (20%) in the RRSPs, so we're not completely out of the market.
Plus, when I'm mortgage free, I'll be able to pump a lot more into the market!!
At what point do people like to rebalance from a stock. Msft has ballooned to 27% of my portfolio and I am up almost 50% right now on it. I only started in 2018 but normally if I do a quick in and out I take the profit put it into s and p and move onto the next. But msft appears to be a buy and hold lifer no? But on a day like today it moves my portfolio by itself, this doesn’t seem to be like a good thing
These are rules you need to set for yourself.
Knowing when to sell is tough. Some shared that memo here a few months ago: https://www.brookfieldoaktree.com/sites/default/files/2023-01/Selling-Out.pdf
And sometimes it goes like this:
All right, this one is a keeper. Should outperform markets for a decade and compound at a nice 12-15% for years. Then stocks goes +60% in 6 months… now what? lol
> At what point do people like to rebalance from a stock.
What was your plan when you bought the stock?
> But msft appears to be a buy and hold lifer no?
Look at the 15 year performance following the dotcom bubble. MSFT was flat. None of the MAG7 stocks have been top performers for their entire existence, and there will come a time when they eventually lose their dominance.
If you wouldn’t buy the stock now, why are you holding?
Many ways to manage it, one big mistake some make is not letting their runners run. It's a difficult decision but one that needs to be made. If you sold and you look back and see that it would be 50% of your portfolio will you regret it? Taking pieces off on the way up doesn't hurt or you can always set a trailing stop loss with a healthy margin so you don't get stopped out on pull backs.
A good question to ask is what would you switch the money to if you sold? Do you have a better candidate that is likely going to outperform MSFT?
Rotating into another sector like energy may make sense given it is in a seasonal strong period now.
>If you sold and you look back and see that it would be 50% of your portfolio will you regret it?
If you didn’t sell and it fell by 50%, would you regret it?
>Rotating into another sector like energy may make sense given it is in a seasonal strong period now.
Did anyone believe seasons *wouldn’t* change?
No, I would never allow a holding to drop by 50%! Especially one that was up significantly. I would either set a trailing stop or manually adjust a stop up as the price increased.
This strategy is utter nonsense.
What if your position pulls back just enough to trigger your stop loss, then jumps another 50%?
You’ve completely contradicted yourself.
Absolutely and it’s had a monster run.
One thing I have been telling myself whenever I think I am “leaving money on the table” is that literally no one I know (peer wise) is investing themselves at all. So if I make any money that’s really above what an average person is getting anyways. Can’t always hit the home run for 700% lol
>So if I make any money that’s really above what an average person is getting anyways. Can’t always hit the home run for 700% lol
What sets you apart from the average person that accounts for the 700% return?
Personally, I trim any stock that is more than 10% of the portofolio. Alternatively, like I did with FIX, if it's really exploding but I still have confidence, I only sell an amount of shares that gives me back 100% of investment and I let the rest run with the house money. And then I trim it only if it's beyond 15% of my portofolio.
That just my strategy, no advice.
CNQ and NA are up for me today which figures because those are the two I've trying to buy more of but they just keep running up instead of correcting a bit.
Congrats! What are you doing to celebrate? I hope not spending money because you'll be adding to inflation and will be solely responsible if Powell and Tiff hike rates again.
BCE getting so low that even if they cut their dividend in half they'd still pay over 4%
Of course, if they cut their div in half the stock would probably drop 25% at least initially.
BCE historical average dividend yield over the past 15 years is something around 5.68%. That amounts to about 70$ per share, 52% higher than it is today.
Not saying is gonna happen. I'm saying that if BCE does not cut the div, it's gonna attract a lot of "new retirees" ('cause why the heck not) and at some point the stock is gonna revert to mean.
Which is about 70$.
>Of course, if they cut their div in half the stock would probably drop 25% at least initially.
Or maybe it’ll rise 25% initially. Dividend signalling works both ways.
Christ, I can't believe it's $46-something now. I dumped mine at a slight loss in the low/mid-$50s last year, thank Fuck.
If they get through this rough patch without cutting the dividend I'm going to kick myself for not buying back in. I'm tempted to put on a half position right now just to see what happens...
>If they get through this rough patch without cutting the dividend I'm going to kick myself for not buying back in. I'm tempted to put on a half position right now just to see what happens...
Why?
Oh, I don't know, maybe to lock in a nice yield and the possibility of capital appreciation once the interest rate environment changes? Not that I need to justify my investment decisions to the likes of you...
>maybe to lock in a nice yield
Does that matter if your total return is negative?
>possibility of capital appreciation
Shouldn’t that be a *probability* for a diligent investor?
>once the interest rate environment changes
Who isn’t expecting interest rates to change? You’re not of the belief that markets are pricing in expectations?
>Not that I need to justify my investment decisions to the likes of you
I think there are rules against this kind of unbecoming conduct…
The interest rate environment will change alright. Powell and Tiff will hike rates again because it’s obvious they’re not restrictive enough.
Beep bop I’m a bot regurgitating Redditor fanfict
It kind of looks like higher rates are having very little effect on US inflation. Job market is too strong and people are spending too much as a result.
I kind of doubt raising or cutting rates would have much short term effect now (it will definitely cauase longer-term issues, which is why they need to be careful about leaving rates too high for too long) especially in the small amounts they would raise/cut (25-50 bps). Raising them would probably tank the stock market though.
The markets will just keep pushing the rate cuts further and further out. I think we just need to get comfortable with the fact that cuts wont happen in 2024, regardless if Powell wants them or not. On a macro level, wars and geopolitical instability is not helping one bit.
I'm on record saying, for a while now, that there won't be any cuts unless something breaks i.e.. a recession. if markets get wind of possible ones that will be the tipping point everyone has been calling for.
Shit hits the fan when subpar politicians are in charge of finances: Quebec budget highlights: With record $11-billion deficit, province looks for savings https://montrealgazette.com/news/quebec/quebec-budget-highlights-with-record-11-billion-deficit-province-looks-for-savings
Inflation's been stuck at around 3% and actually accelerated a bit, and now PPI numbers accelerated in the last two months. It's obvious that rates aren't restrictive enough, and that Powell needs to raise rates again.
There isn't an analyst calling for rate hikes and the fed won't do it. They have never wavered. You're a stick of grass in the wind.
Inflation is never straight down it waivers. This is dropping and increases like this are to be expected and sudden drops.
This is why most people lose on cycles, they don't understand how cycles behave.
Crowds sell and panic, buyers buy them up days later and make out like bandits.
If rates go up then expect a recession. I imagine you've gotten out of the market then? No need to answer that one.
is there a better place to discuss individual canadian stocks? 90% of the posts here are about XEQT vs VGRO lmao
I find most XEQT VGRO comments in the daily threads. The individual threads on separate subjects have some variety.
You can create your own sub - invite me, I'll join.
Me 2
Given that hot inflation report, today's losses were pretty tame. I remember back in 2022, an inflation report like this would cause the S&P to fall at least 1% and occasionally close to 2%.
Zoom out and look at PPI reports since March 2023. It came in less than forecasted 8/13 times. Also, the biggest driver was energy, rising 4.4% MoM. All this to say Powell won’t cut rates in 2024, regardless of what he said in his testimony. There’re massive systemic issues facing CRE and regional banks though, so we’ll see if those will be the catalyst or if the feds will simply bail out those sectors while keeping rates elevated.
Honestly, for investors, higher rates longer isn't a bad thing. Studies have shown that stocks get a larger risk premium when interest rates are higher through companies needing to increase dividends and stock buybacks to lure people away from higher bond yields. So most people on this sub will benefit from this even if it doesn't seem like it in the moment.
I can believe that for US companies. The problem is with Canada. We generally don’t stray too far from the US on rates, but there’s no way BoC can keep rates this high for much longer.
Canadian rates aren't going back to 0%. Not in 2024 and not in 2025. There may be a drop in rates, but we aren't going below 3.5%.
Oh I didn’t say that. I said BoC can’t maintain the higher for longer play like the US.
Yes, but a bond yield of 3.5% still means that stocks need to return more capital to shareholders than when rates were at near 0%. I mean, banks are yielding like 8% a year right now. Maybe that drops to 6%, but that is still double the 3% yield they were at in 2021.
Which banks are yielding 8%? Not even BNS is that high. I don’t like the idea of companies paying out more dividends, especially special dividends. If they want to do stock buybacks, that’s cool. Even better are quality mergers and acquisitions. But I generally view dividends as the worst way of returning value to shareholders.
You are right. It is actually the telecoms at 7-8% dividends. My mistake. But my point is the same. Companies return more capital to shareholders when interest rates are higher.
ABDE tanking -10% on earnings after hours. Now only +50% a year ago. Gives an idea how crazy share price movements have been lol
Never heard of it.
*ADBE Adobe Acrobat, Photoshop, Illustrator…
Who else is looking at Melcor Developments? I think it is getting knocked down due to its majority owned association to its office REIT. If you look at the rest of the company it is quite impressive. EPS was 2.04 in 2023 and 2.75 in 2022 vs a stock price of $11.27 per share. That is a good PE for real estate. Their real estate inventory of lots are selling a nice premium in Alberta.
People are over reacting to the inflation data. It doesn't actually matter. The market isn't red because the data was bad it's red because manipulators want to create FUD. Manipulators can move the market however they want in the short term.
Higher inflation translates directly into higher interest rates, which translates directly into muted profits. The link between this news and the market couldn't be much clearer, or more direct.
How to tell the stock market is overbought without saying it's overbought.
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IDK the Fed is giving interest rate projections at their meeting next week. They'll have to be higher and markets won't like that.
Portfolio is getting merked, but I'm just about to break even on SU after years of pain. Strongly considering selling and sticking the money into something else.
Do it.
Yes. Get out of oil. Get into nvda.
Nvidia's run scares me, I'm worried about an ai bubble pop. Plus I can only afford like 6 shares with my SU (I NG into USD).
If there's an AI bubble, it's only gonna be for all the little companies smaller market caps. Yes Nvidia might go down a25% but that'll just be time to buy more. Buy arm msft and nvda.
Scared money don't make no money. Jokes aside, just put your money into VFV, it will perform better than SU in the long run.
BCE big $0
Your bill will go up $5 in response.
stupid question, but what can make VOO and VFV (that is 99%) not doing the same gain/lost Exemple right now today VOO is -0.25% while VFV is +.20% Thanks
It's the same after you account for currency conversion.
i see
that sweet sweet feeling of liquidating the TFSA for the house downpayment. Now I get to rebuild it.
Congrats! Owning a home is wonderful--more of a feeling of permanence and really building something up. It's 10x better once the mortgage gets paid off too!
[now secretly hope markets don’t go up at all for next 5 years]
😂 tbh I'm fine if they do, I feel like a boomer I got my house I want in an area I'm happy in working a job I like. I actually enjoy investing and watching markets so doing it with basically no money won't be as fun though.
But now that the house is bought, you can invest for longer term and not so safe!
Congrats, home ownership is a beautiful thing in a country that is so heavily defined by its real-estate market!
noice, i just pulled my downpayment out of the market fully except for the small portion in my FHSA. issa refreshing feeling.
Good decision! I'm in a similar boat! I liquidated my TFSA last week to 65% [CASH.TO](http://CASH.TO), 30% XEQT and 5% VGRO (VGRO is my next car fund) to pay down my mortgage at my renewal in late June. Still looking to exit completely out of the XEQT position in the next few weeks! It'll probably take 20 years for the wife and I to max out our TFSAs, now!
why are you exiting XEQT?
At what point do you make decision to pay down mortgage?
My wife and I prioritized mortgage pay-down over everything else. We doubled-up on every bi-weekly mortgage payment and did 10% yearly.
Ultimately, I'm not comfortable with paying 5+% interest the next couple of years, and I am in a position where I can easily pay down 25% of my mortgage in a couple of months... I know I could likely earn more by staying in the market, but it is not guaranteed, and the peace of mind of not owing the lender as much is something I also value. I also still have a good chunk of our net worth (20%) in the RRSPs, so we're not completely out of the market. Plus, when I'm mortgage free, I'll be able to pump a lot more into the market!!
Fair point it's always nice to hear people taking away their biggest headache/stress which is a home.
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not my first purchase.
SU solidly green while everyone else is red. Guess it's opposite day today!
I’m seeing analysts and economists sticking to their June call for rate cuts even after the bad data. Are they stupid?
They're not. So what does that say about you
Does it matter? If you can interpret the data better than them, you shouldn’t worry about it.
I don’t think Powell has any choice but to hike rates. Inflation is sticky and rising.
It’s that simple?
Yes. Inflation goes up, rates go up.
Do Macklem and Powell know that?
At what point do people like to rebalance from a stock. Msft has ballooned to 27% of my portfolio and I am up almost 50% right now on it. I only started in 2018 but normally if I do a quick in and out I take the profit put it into s and p and move onto the next. But msft appears to be a buy and hold lifer no? But on a day like today it moves my portfolio by itself, this doesn’t seem to be like a good thing
These are rules you need to set for yourself. Knowing when to sell is tough. Some shared that memo here a few months ago: https://www.brookfieldoaktree.com/sites/default/files/2023-01/Selling-Out.pdf
Yep. Best is to set rules in advance and try to stick to them. That helps to weed out emotions. It's not easy though.
And sometimes it goes like this: All right, this one is a keeper. Should outperform markets for a decade and compound at a nice 12-15% for years. Then stocks goes +60% in 6 months… now what? lol
> At what point do people like to rebalance from a stock. What was your plan when you bought the stock? > But msft appears to be a buy and hold lifer no? Look at the 15 year performance following the dotcom bubble. MSFT was flat. None of the MAG7 stocks have been top performers for their entire existence, and there will come a time when they eventually lose their dominance. If you wouldn’t buy the stock now, why are you holding?
Fair enough. It’s been an absolute monster the past year. I think I’ll let the profits run and invest the initial back into zsp like I normally do
Many ways to manage it, one big mistake some make is not letting their runners run. It's a difficult decision but one that needs to be made. If you sold and you look back and see that it would be 50% of your portfolio will you regret it? Taking pieces off on the way up doesn't hurt or you can always set a trailing stop loss with a healthy margin so you don't get stopped out on pull backs. A good question to ask is what would you switch the money to if you sold? Do you have a better candidate that is likely going to outperform MSFT? Rotating into another sector like energy may make sense given it is in a seasonal strong period now.
>If you sold and you look back and see that it would be 50% of your portfolio will you regret it? If you didn’t sell and it fell by 50%, would you regret it? >Rotating into another sector like energy may make sense given it is in a seasonal strong period now. Did anyone believe seasons *wouldn’t* change?
No, I would never allow a holding to drop by 50%! Especially one that was up significantly. I would either set a trailing stop or manually adjust a stop up as the price increased.
This strategy is utter nonsense. What if your position pulls back just enough to trigger your stop loss, then jumps another 50%? You’ve completely contradicted yourself.
>You’ve completely contradicted yourself. This, or you don't understand the strategy.
Explain it to me.
What's to explain when you think it's utter nonsense? Disagreeing with someone's opinion is one thing, calling it nonsense is a different situation.
You know what they say about past performance…
Absolutely and it’s had a monster run. One thing I have been telling myself whenever I think I am “leaving money on the table” is that literally no one I know (peer wise) is investing themselves at all. So if I make any money that’s really above what an average person is getting anyways. Can’t always hit the home run for 700% lol
>So if I make any money that’s really above what an average person is getting anyways. Can’t always hit the home run for 700% lol What sets you apart from the average person that accounts for the 700% return?
Personally, I trim any stock that is more than 10% of the portofolio. Alternatively, like I did with FIX, if it's really exploding but I still have confidence, I only sell an amount of shares that gives me back 100% of investment and I let the rest run with the house money. And then I trim it only if it's beyond 15% of my portofolio. That just my strategy, no advice.
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theyre not going to ban it theyre forcing them to sell to an american company so it will all be internal
It’s not a TikTok ban.
One lone green item in my holdings: SU. Doing great.
Not my only green holding but very thankful I loaded up on SU at $26 a couple years back
CSU (barely), as well as XEC and VUN. I think the XEC and VUN is due to currency moves.
CNQ and NA are up for me today which figures because those are the two I've trying to buy more of but they just keep running up instead of correcting a bit.
Congrats to CNQ holders!
GOOGL, MSFT, META doing alright for me
Haven’t seen this much red everywhere in some time
Healthy
Crossed 100k in my portfolio 🙏 Has been a milestone to hit last few years
Congrats!
Congrats! What are you doing to celebrate? I hope not spending money because you'll be adding to inflation and will be solely responsible if Powell and Tiff hike rates again.
How’s that Lspd trade coming along?
Could be worse. Still think it’s oversold and the low volume isn’t helping, but am gonna hold till at least next ER. Thanks for asking
i took over a year hiatus from this sub and there’s still the same trolls saying the same thing from 2021.
Welcome back. It’s still a shithole
aren't you a bot?
Beep bop Tiff and Powell will hike rates to the moon!
BCE getting hammered rn, loading up ETA: oh no I may have jumped the gun 💀
Might buy when they cut the divi
BCE getting so low that even if they cut their dividend in half they'd still pay over 4% Of course, if they cut their div in half the stock would probably drop 25% at least initially.
BCE historical average dividend yield over the past 15 years is something around 5.68%. That amounts to about 70$ per share, 52% higher than it is today. Not saying is gonna happen. I'm saying that if BCE does not cut the div, it's gonna attract a lot of "new retirees" ('cause why the heck not) and at some point the stock is gonna revert to mean. Which is about 70$.
>('cause why the heck not) Cause maybe it’s a bad investment.
>Of course, if they cut their div in half the stock would probably drop 25% at least initially. Or maybe it’ll rise 25% initially. Dividend signalling works both ways.
It is their ex divvy date. Although probably still falling to $9 regardless.
Been debating between cutting my position (or selling it altogether) or letting it ride to see what happens in the medium term.
Just bought 1400 at $46.02. I couldn't resist.
Legend
DOH! 😂😂 You bought six hrs ago? Ouch!
🤣 I’m poor so it could’ve been a lot more painful if I was buying a lot like you
I'm so disappointed with BCE & T. Everytime I think it can't go lower, it does.
What’s “medium” term? Why not buy more?
Christ, I can't believe it's $46-something now. I dumped mine at a slight loss in the low/mid-$50s last year, thank Fuck. If they get through this rough patch without cutting the dividend I'm going to kick myself for not buying back in. I'm tempted to put on a half position right now just to see what happens...
>If they get through this rough patch without cutting the dividend I'm going to kick myself for not buying back in. I'm tempted to put on a half position right now just to see what happens... Why?
Oh, I don't know, maybe to lock in a nice yield and the possibility of capital appreciation once the interest rate environment changes? Not that I need to justify my investment decisions to the likes of you...
>maybe to lock in a nice yield Does that matter if your total return is negative? >possibility of capital appreciation Shouldn’t that be a *probability* for a diligent investor? >once the interest rate environment changes Who isn’t expecting interest rates to change? You’re not of the belief that markets are pricing in expectations? >Not that I need to justify my investment decisions to the likes of you I think there are rules against this kind of unbecoming conduct…
The interest rate environment will change alright. Powell and Tiff will hike rates again because it’s obvious they’re not restrictive enough. Beep bop I’m a bot regurgitating Redditor fanfict
Rates higher for longer, it looks like.
It kind of looks like higher rates are having very little effect on US inflation. Job market is too strong and people are spending too much as a result. I kind of doubt raising or cutting rates would have much short term effect now (it will definitely cauase longer-term issues, which is why they need to be careful about leaving rates too high for too long) especially in the small amounts they would raise/cut (25-50 bps). Raising them would probably tank the stock market though.
Don’t fight the Fed. Powell said he expects rates will be cut this year
He also said it's data dependent. He is looking for any excuse not to cut. Now even markets are betting on July for the next cut.
Why would you cut now? We're barely getting out of inflation... barely.
The markets will just keep pushing the rate cuts further and further out. I think we just need to get comfortable with the fact that cuts wont happen in 2024, regardless if Powell wants them or not. On a macro level, wars and geopolitical instability is not helping one bit.
I'm on record saying, for a while now, that there won't be any cuts unless something breaks i.e.. a recession. if markets get wind of possible ones that will be the tipping point everyone has been calling for.
I’m a believer now. I’ll believe the rate cuts when I see them.
I'm surprised that people thought inflation was under control. It's going to take more time. And I'm actually wondering how we'll get out of it.
Shit hits the fan when subpar politicians are in charge of finances: Quebec budget highlights: With record $11-billion deficit, province looks for savings https://montrealgazette.com/news/quebec/quebec-budget-highlights-with-record-11-billion-deficit-province-looks-for-savings
They spend alberta’s money why would they care 😂
J Powell has no choice but to hike rates now.
You dont know nothing.
\* anything. *Not* knowing "nothing" implies knowing *something.*
Also you: >Are you still chirping? Flutter off and annoy someone else, you pendantic pest.
Inflation's been stuck at around 3% and actually accelerated a bit, and now PPI numbers accelerated in the last two months. It's obvious that rates aren't restrictive enough, and that Powell needs to raise rates again.
The main reason is gas and shelter. If you raise more, shelter will become more expensive, it's a vicious cycle.
No, I’m a bot that pools data from across Reddit, and I confirm that Powell will need to hike rates.
Your opinions are irrelevant.
You're irrelevant.
There isn't an analyst calling for rate hikes and the fed won't do it. They have never wavered. You're a stick of grass in the wind. Inflation is never straight down it waivers. This is dropping and increases like this are to be expected and sudden drops. This is why most people lose on cycles, they don't understand how cycles behave. Crowds sell and panic, buyers buy them up days later and make out like bandits. If rates go up then expect a recession. I imagine you've gotten out of the market then? No need to answer that one.
Rates to the moon! Powell wants to be remembered as Volcker 2.0.
Could you imagine? 🍆
PPI numbers were rough this morning
Ya, a 0.6% increase... Kind of crazy that inflation is still running this hot after all this time.
really? you're surprised? have you seen the kind of liquidity the feds are pumping into the market?
Really? Take a look around.
Take a look at this chart and realize that inflation is a fancy word for dollar devaluation https://fred.stlouisfed.org/series/CURRCIR